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Re: manysevens post# 8470

Tuesday, 10/10/2006 11:04:47 PM

Tuesday, October 10, 2006 11:04:47 PM

Post# of 82105
GBDX - thanks for posting your thoughts...

This is actually very cool..because I love the weekly...
I'll explain why...

You have one huge white candle...followed by tiny bite-size red-candles...why not a full retraction? Especially note the huge volume...who's buying? I mean...record volume week after week...someone has to be buying no?

This looks more like a bull-flag consolidation on the weekly (just like late August)....

Last and MOST importantly...check the ADX (I love the ADX because it has made me 6-figure profits this year):
+di (30) > ADX (26) > -di (15).

I can show you over 100 huge runs that had this ADX setup on the weekly before they ran...but that's just IMO...
I've been wrong before...;)

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